Financials Mitsubishi Electric Corporation

Equities

6503

JP3902400005

Consumer Goods Conglomerates

Market Closed - Japan Exchange Other stock markets 01:30:00 2026-01-13 EST			5-day change	1st Jan Change
5,037.00 ^JPY	+6.38%		+5.16%	+9.86%

12-26	Mitsubishi Electric Corporation, Q2 2026 Earnings Call, Oct 31, 2025
12-24	Mitsubishi Power and Mitsubishi Electric Corporation Completes Functional Testing of Their Jointly Developed Next-Generation Gas Turbine Control System	CI

Projected Income Statement: Mitsubishi Electric Corporation

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	4,191,400	4,476,700	5,003,600	5,257,914	5,521,711	5,708,591	5,909,222	6,100,761
Change	-	6.81%	11.77%	5.08%	5.02%	3.38%	3.51%	3.24%
EBITDA ¹	451,341	462,944	501,207	539,207	613,278	682,023	769,529	801,099
Change	-	2.57%	8.27%	7.58%	13.74%	11.21%	12.83%	4.1%
EBIT ¹	230,100	252,000	262,300	328,525	391,850	452,783	532,307	570,515
Change	-	9.52%	4.09%	25.25%	19.28%	15.55%	17.56%	7.18%
Interest Paid ¹	-2,828	-2,702	-4,296	-11,687	-14,398	-19,333	-20,000	-20,333
Earnings before Tax (EBT) ¹	258,700	279,600	292,100	365,853	437,265	503,861	578,429	613,444
Change	-	8.08%	4.47%	25.25%	19.52%	15.23%	14.8%	6.05%
Net income ¹	193,100	203,400	213,900	284,949	324,084	370,471	425,396	454,130
Change	-	5.33%	5.16%	33.22%	13.73%	14.31%	14.83%	6.75%
Announcement Date	4/28/21	4/28/22	4/28/23	4/26/24	4/28/25	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2
Net sales ¹	1,038,587	1,250,789	1,066,400	1,071,900	1,042,800	1,295,400	1,067,700	1,271,800	1,225,670	1,438,000	1,220,300	1,318,100	1,243,929	1,475,585	1,286,484	1,357,016	1,356,754	1,521,300	1,312,800	1,419,700	1,374,691	1,558,900	1,376,601	1,505,591
Change	-	20.43%	-14.74%	0.52%	-2.71%	24.22%	-17.58%	19.12%	-3.63%	17.32%	-15.14%	8.01%	-5.63%	18.62%	-12.82%	5.48%	-0.02%	12.13%	-13.71%	8.14%	-3.17%	13.4%	-11.69%	9.37%
EBITDA ¹	131,786	154,789	128,829	133,038	104,857	96,220	82,710	98,343	137,526	182,628	107,914	124,095	140,274	166,924	108,886	170,646	183,588	150,158	162,886	169,321	187,491	175,597	191,727	206,099
Change	-	17.45%	-16.77%	3.27%	-21.18%	-8.24%	-14.04%	18.9%	39.84%	32.8%	-40.91%	14.99%	13.04%	19%	-34.77%	56.72%	7.58%	-18.21%	8.48%	3.95%	10.73%	-6.34%	9.19%	7.5%
EBIT ¹	76,354	92,392	82,700	55,100	52,300	61,800	33,900	46,500	82,722	99,100	61,000	74,800	86,461	106,264	58,659	118,023	126,873	88,200	111,900	112,400	114,149	107,080	121,727	136,099
Change	-	21%	-10.49%	-33.37%	-5.08%	18.16%	-45.15%	37.17%	77.9%	19.8%	-38.45%	22.62%	15.59%	22.9%	-44.8%	101.2%	7.5%	-30.48%	26.87%	0.45%	1.56%	-6.19%	13.68%	11.81%
Charge d'intérêts	-171	-	-1,138	-1,534	77	-107	-727	-	-935	-	-1,243	-	-6,731	-	-2,286	-	-	-	-2,607	-1,438	-	-	-	-
Earnings before Tax (EBT) ¹	82,667	100,347	89,500	58,800	58,800	72,400	46,800	56,200	85,959	103,041	76,800	82,900	89,214	116,939	76,125	100,619	167,889	92,600	124,000	129,900	121,700	129,717	-	-
Change	-	21.39%	-10.81%	-34.3%	0%	23.13%	-35.36%	20.09%	52.95%	19.87%	-25.47%	7.94%	7.62%	31.08%	-34.9%	32.18%	66.86%	-44.84%	33.91%	4.76%	-6.31%	6.59%	-	-
Net income ¹	59,550	85,319	61,800	43,000	43,600	54,900	33,400	41,300	64,518	74,582	57,800	62,300	65,772	98,977	49,138	69,462	129,454	75,900	90,900	98,400	90,044	92,919	96,655	106,156
Change	-	43.27%	-27.57%	-30.42%	1.4%	25.92%	-39.16%	23.65%	56.22%	15.6%	-22.5%	7.79%	5.57%	50.49%	-50.35%	41.36%	86.37%	-41.37%	19.76%	8.25%	-8.49%	3.19%	4.02%	9.83%
Announcement Date	2/2/21	4/28/21	7/29/21	10/28/21	2/2/22	4/28/22	7/28/22	10/28/22	2/2/23	4/28/23	7/31/23	10/31/23	2/5/24	4/26/24	7/31/24	10/31/24	2/4/25	4/28/25	7/31/25	10/31/25	-	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2026 S1	2026 S2
Net sales ¹	2,138,300	2,338,400	2,339,500	2,664,100	2,538,400	2,719,514	2,643,500	2,732,500	2,967,500
Change	-	9.36%	0.05%	13.87%	-4.72%	7.13%	-2.8%	3.37%	8.6%
EBITDA	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
EBIT ¹	137,800	114,200	80,500	181,800	135,800	192,725	176,600	224,300	215,600
Change	-	-17.13%	-29.51%	125.84%	-25.3%	41.92%	-8.37%	27.01%	-3.88%
Charge d'intérêts	-2,672	-	-1,627	-	-2,835	-	-25,676	-4,045	-
Earnings before Tax (EBT)	148,300	131,300	103,100	189,000	159,700	206,153	176,700	253,975	-
Change	-	-11.46%	-21.48%	83.32%	-15.5%	29.09%	-14.29%	43.73%	-
Net income ¹	104,800	98,600	74,800	139,100	120,200	164,749	118,600	189,397	324,100
Change	-	-5.92%	-24.14%	85.96%	-13.59%	37.06%	-28.01%	59.69%	71.12%
Announcement Date	10/28/21	4/28/22	10/28/22	4/28/23	10/31/23	4/26/24	10/31/24	10/31/25	-

¹JPY in Million

Estimates

Forecast Balance Sheet: Mitsubishi Electric Corporation

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-401,975	-397,718	-245,112	-370,748	-396,670	-496,767	-508,357	-696,747
Change	-	1.06%	38.37%	-51.26%	-6.99%	-25.23%	-2.33%	-37.06%
Announcement Date	4/28/21	4/28/22	4/28/23	4/26/24	4/28/25	-	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: Mitsubishi Electric Corporation

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	168,920	134,337	151,117	175,756	193,988	246,820	236,921	237,647
Change	-	-20.47%	12.49%	16.3%	10.37%	27.23%	-4.01%	0.31%
Free Cash Flow (FCF) ¹	373,199	167,504	18,178	321,360	264,155	212,574	309,434	376,921
Change	-	-55.12%	-89.15%	1,667.85%	-17.8%	-19.53%	45.57%	21.81%
Announcement Date	4/28/21	4/28/22	4/28/23	4/26/24	4/28/25	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: Mitsubishi Electric Corporation

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	10.77%	10.34%	10.02%	10.26%	11.11%	11.95%	13.02%	13.13%
EBIT Margin (%)	5.49%	5.63%	5.24%	6.25%	7.1%	7.93%	9.01%	9.35%
EBT Margin (%)	6.17%	6.25%	5.84%	6.96%	7.92%	8.83%	9.79%	10.06%
Net margin (%)	4.61%	4.54%	4.27%	5.42%	5.87%	6.49%	7.2%	7.44%
FCF margin (%)	8.9%	3.74%	0.36%	6.11%	4.78%	3.72%	5.24%	6.18%
FCF / Net Income (%)	193.27%	82.35%	8.5%	112.78%	81.51%	57.38%	72.74%	83%
Profitability
ROA	5.62%	5.65%	5.47%	6.23%	5.17%	5.53%	5.97%	6.32%
ROE	7.5%	7.1%	6.9%	8.2%	8.43%	9.18%	9.8%	10.24%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	4.03%	3%	3.02%	3.34%	3.51%	4.32%	4.01%	3.9%
CAPEX / EBITDA (%)	37.43%	29.02%	30.15%	32.6%	31.63%	36.19%	30.79%	29.67%
CAPEX / FCF (%)	45.26%	80.2%	831.32%	54.69%	73.44%	116.11%	76.57%	63.05%
Items per share
Cash flow per share ¹	193.1	194.3	214.4	236.1	219	307.8	292.7	332.4
Change	-	0.61%	10.35%	10.12%	-7.23%	40.54%	-4.92%	13.57%
Dividend per Share ¹	36	40	40	50	50	55.36	63.29	68.91
Change	-	11.11%	0%	25%	0%	10.71%	14.32%	8.89%
Book Value Per Share ¹	1,284	1,409	1,534	1,791	1,903	2,007	2,110	2,226
Change	-	9.75%	8.86%	16.73%	6.28%	5.48%	5.11%	5.49%
EPS ¹	90.03	95.41	101.3	135.7	155.7	180.1	209.5	227.1
Change	-	5.98%	6.17%	34%	14.7%	15.65%	16.37%	8.37%
Nbr of stocks (in thousands)	2,145,286	2,111,615	2,111,415	2,088,190	2,075,329	2,046,348	2,046,348	2,046,348
Announcement Date	4/28/21	4/28/22	4/28/23	4/26/24	4/28/25	-	-	-